ThinkStock PhotosYes Securities has buy call on LIC Housing Finance with a target price of Rs 453. The current market price of LIC Housing Finance Ltd. is Rs 420.5.
LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 21546.59 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 4977.34 Crore, down -.68 % from last quarter Sales of Rs 5011.50 Crore and down -.05 % from last year same quarter Sales of Rs 4979.95 Crore Company reported net profit after tax of Rs 789.67 Crore in latest quarter.
Investment Rationale
A 12% decline from the recent high found renewed buying interest near Rs 410 zone. Positive follow through to today’s large bullish candle could lift the stock towards Rs 453 zone.
Promoter/FII Holdings
Promoters held 40.31 per cent stake in the company as of Sept 30, 2020, while FIIs held 34.44 per cent, DIIs 11.76 per cent and public and others 13.49 per cent.
LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 21546.59 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 4977.34 Crore, down -.68 % from last quarter Sales of Rs 5011.50 Crore and down -.05 % from last year same quarter Sales of Rs 4979.95 Crore Company reported net profit after tax of Rs 789.67 Crore in latest quarter.
Investment Rationale
A 12% decline from the recent high found renewed buying interest near Rs 410 zone. Positive follow through to today’s large bullish candle could lift the stock towards Rs 453 zone.
Promoter/FII Holdings
Promoters held 40.31 per cent stake in the company as of Sept 30, 2020, while FIIs held 34.44 per cent, DIIs 11.76 per cent and public and others 13.49 per cent.
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